Coffee Day: Startups in the coffee industry
There are many startups that have changed the data in the coffee industry, with Greeks consuming a lot of coffee for years. The coffee market is growing and businesses are promoting more and more products for those who either make coffee at home or buy it while going to work.
Coffee was expanded with office workers “lifting” the whole industry and travelers stopping for a coffee on the street, since many petrol stations have coffee bars.
Coffee is available everywhere and ready, while the younger ones are now a category of consumers on their own, drinking iced coffee and any form of alternative variety that differs from the classic.
This is where startups come to take advantage of technology, integrating coffee e-shops’ applications into the consumer field, with offers and different menus to choose from.
One of them is the British Costa Coffee, a subsidiary of the Coca-Cola Company, which was founded in 1971 and provides coffee varieties in various shops and supermarkets, while it also sells products for the home. Their signature blend is a combination of Robusta and Arabica.
Its founders, two brothers, Sergio and Bruno, turned a field into a place where fresh coffee beans were processed after tastings.
Plus everything they produce they sell it in luxury hotels in London and they are the first to serve coffee in a porcelain mug. Last year, the company acquired the startup Briggo with automatic coffee kiosks.
A newer domestic startup, BibeCoffee founded in 2018, based in London and Athens, has formulated an IoT real-time monitoring solution that turns every professional coffee machine into a smart connected terminal.
In this way, businesses have access to the coffee machines, gaining a full picture of what is being served and reducing the constant intervention of technicians.
The coffee makers are connected, in particular, to a software, the components of which are managed by BibeCoffee’s cloud platform, at the same time that the condition of the machine is transmitted over the mobile network to BibeCoffee’s IoT platform.
The company received 1.15 million dollars funding from VCs in 2020. by using technological means to collect data and information on the proper use of coffee machines.
Thus, it minimizes costs in order to better operate, while contributing to the evaluation of coffee production, the forecasting of its sales and consumption, in order to help customers achieve rationalization by making the right decisions for their business.
Another Greek coffee startup is Coffeeco, from the School of Chemical Engineering of the Technical University of Patras, which after a research on the remnants of coffee, began to rely on a certain technique.
According to it, it removes from the organic remains all the active nutrients within them, which have a high market value and demand in the food and cosmetics industries.
In 2019, it even aimed to enter into a process of producing energy from coffee waste in collaboration with the company Aenaos Energy, making the recycling of ingredients a reality.